Manhattan Resale & New Development All Cash Buyers Tracking Chart (Apr 2026 Update)

How has the % of cash buyers for Manhattan’s new development and resale condos changed over time?

Apr 2026 update: Cash purchases remain elevated but stable. In March 2026, cash buyers accounted for roughly 68% of both resale and new development condo sales, down modestly from the 71% peak in December 2023.

Feb 2025 UPDATE: Cash purchases remain elevated but stable. In January 2026, cash buyers accounted for roughly 68% of both resale and new development condo sales, down modestly from the 71% peak in December 2023.

Nov 2025 UPDATE: Cash purchases in the new development market surged again in September, reaching a high of 74%, while resale condos also rose, though less dramatically. By October, both segments eased, with cash buyers settling closer to 60%.

Sept 2025 UPDATE: In August, resale cash purchases rose to 67%. In new development, cash buyers made up 66% of sales, down from a recent peak of 71% in December 2023.

July 2025 UPDATE: Cash buyers have pulled back in 2025. In June, resale cash purchases fell to 59%—the lowest level in two years. In the new development market, the share of cash buyers dropped to 63%, down from a recent peak of 71% in December 2023.

May 2025 UPDATE: Cash buyers have steadily pulled back in 2025. In April, resale cash purchases fell below 60% for the first time since June 2023. In the new dev market, cash buyers dropped to 65%, down from a recent peak of 71% in December 2023.

Oct 2024 UPDATE: Cash buyers have retreated slightly in both new developments and resale condos. In new developments, the share dropped from 70% in August to 68%, while resale condos declined from 66% to 62%. This shift may reflect a delayed response to the mortgage rate dip in September.

Aug 2024 UPDATE: Cash buyers in new developments have rebounded to 71%, up from 2024 low of 61% in June. Resale cash buyers also saw a rise, increasing from 65% to 68%

Jul 2024 UPDATE: Cash buyers in new developments edged up to 67%, while resale cash buyers remained steady at around 65%

June 2024 UPDATE: Cash buyers in new developments dropped from over 70% to 63%, while resale cash buyers remained steady at 65%

May 2024 UPDATE: Cash buyers in both new development and resale markets remained steady month-over-month, at just above 65%

Apr 2024 UPDATE: After a spike in March, % of cash buyers dipped for both new and resale condos as mortgage rates retreated in March

Mar 2024 UPDATE: After a dip earlier in the year, % of cash buyers surged upward in March for both new dev and resales

Feb 2024 UPDATE: % cash buyers for Manhattan new dev and resale condos diverged, with new dev rebounding back to 70% and resale retreating to just below 64%

Jan 2024 UPDATE: % cash buyers for Manhattan new dev and resale condos retreated to 65%

As mortgage rates fluctuate, the percentage of cash buyers has moved in lock-step with approximately a one-month lag

Over the span of a year and change, we have seen a bottom (38%) and a top (72%)

38% is the lowest level, and 73% is the highest level reached in the period tracked

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